You may remember a site called BurnLounge, which charged users upfront for a chance to make money selling other peoples' music, like a digital music version of Amway ...

(CN) - The online digital music retailer BurnLounge operated illegally as a pyramid scheme, the 9th Circuit ruled. The Federal Trade Commission (FTC) targeted the now defunct multi-level marketing ...

On Monday, the 9th Circuit Court of appeals affirmed a lower court's holding that certain aspects of the e-tailer represented an illegal pyramid scheme. The opinion provides warning to other… By Eriq ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Court of Appeals in San Francisco on Monday upheld a district court ruling that BurnLounge was a pyramid ...

When BurnLounge was launched in 2004, it was sold as a mix of iTunes, MySpace, and PayPal. With celebrity endorsements from Justin Timberlake and Shaquille O'Neal, "independent sellers" peddled it as ...

The sordid saga of BurnLounge is one step closer to coming to a much-deserved end. The Federal Trade Commission's civil suit against the company's CEO Juan Alexander and three of employees who helped ...

Download firm BurnLounge Inc. of Los Angeles has quickly become one of the music industry’s hottest acts, ignited by an Internet version of multi-level marketing. In less than a year, it has caught on ...

If you have dreams of becoming the owner of the the next iTunes store, don't count on BurnLounge to give you a leg up. The Federal Trade Commission has recently fingered the digital music store as ...

BurnLounge has attracted its share of skeptics; detractors claim the company operates more like a pyramid scheme than like a legitimate digital music retailer, and the Federal Trade Commission agrees.

Beginning musicians tend to be big dreamers. And there are an awful lot of us--Guitar Center's got nearly 200 stores now taking in more than $450 million per quarter, and you know that most of those ...

BurnLounge Inc., a digital music seller shut down by the Federal Trade Commission over its multilevel marketing, was found by a federal appeals court to be an illegal pyramid scheme in a case closely ...